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Alumilite Architecturals Limited IPO (Alumilite IPO) Detail

Jun 24, 2019 - Jun 28, 2019

Incorporated in 1982, Alumilite Architecturals Limited is an infrastructure facilitator offering engineering, installation, designing and fabrication services for the principal elevation of the buildings. The company work for hospitality industries, educational institutes, shopping complex, multistoried real estate projects, SEZ projects, public utility facilities, entertainment parks, and sports complex for corporate and government projects.

With the changing architectural concept in India, the company is working towards providing low maintenance, light and elegant products to meet the esthetics design and advanced technology requirements.

The contracts of the company are built to order basis to make the products based on specifications and requirements of the customers. It also imports many accessories and raw materials to meet the high standard of products demanded by the clients.

The manufacturing facility of Alumilite Architecturals is located at Bhiwandi, Thane (Mumbai) to offer aluminium virgin, aluminium semi and aluminium manufactured products made of aluminium and aluminium alloys. Apart from this, the company has its own vehicle to carry fabricated materials, transport glass and profiles without damage.

The competitive strength of the company are:

1. Strong customer base
2. Financial flexibility
3. Advanced technology
4. Experienced manpower and management team

Company Promoters:

Mr. Shivkrishna Harakhchand Damani and Mr. Varun Damani are the promoters of the company.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Dec-18 31-Mar-18 31-Mar-17 31-Mar-16
Total Assets 7,246.79 6,543.09 6,186.12 5,174.76
Total Revenue 1,618.27 3,052.71 3,322.94 2,036.76
Profit After Tax 258.14 282.92 122.96 54.53

Objects of the Issue:

The Objects of the Issue is to raise funds for:

(a) Funding Working Capital Requirement;
(b) Repayment/pre-payment, in full or part, of unsecured loans availed by the Company; and
(c) Funding expenditure for General Corporate Purposes.

Alumilite IPO Details

IPO Opening Date Jun 24, 2019
IPO Closing Date Jun 28, 2019
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹30 per equity share
Market Lot 4000 Shares
Min Order Quantity 4000 Shares
Listing At NSE SME
Issue Size3,828,000 Eq Shares of ₹10
(aggregating up to ₹11.48 Cr)

Alumilite IPO Lot Size

The Alumilite IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹120,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 4000 ₹120,000
Maximum 1 4000 ₹120,000

Alumilite IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 64.97%

IPO Notices

External Link

Withdrawal of initial public offer by Sudarshan Pharma Industries Limited

The Company has decided to withdraw the application made for SME IPO on NSE Platform. The entire application money will be refunded forthwith.

Alumilite IPO Subscription Status (Bidding Detail)

The Alumilite IPO is subscribed 1.08x times on Jun 28, 2019 17:00. The public issue subscribed 0.68x in the retail category, in the QIB category, and 1.48x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
NII

1.48x

RII

0.68x

Total

1.08x

Alumilite IPO Prospectus

Alumilite IPO Rating

16
2.4
Rating:Rated 2.4 stars
Vote Here ...

Company Contact Information

Alumilite Architecturals Limited
5 th Floor, Dhiraj Chambers,
9 Hazarimal Somani Marg,
Mumbai - 400 001
Phone: +91 22 4092 4444
Email: cs.vaibhav@aa-pl.in
Website: http://www.aa-pl.in/

Alumilite IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Alumilite IPO Reviews / Ratings

Alumilite IPO FAQs

Alumilite IPO is a SME IPO of 3,828,000 equity shares of the face value of ₹10 aggregating up to ₹11.48 Crores. The issue is priced at ₹30 per equity share. The minimum order quantity is 4000 Shares.

The IPO opens on Jun 24, 2019, and closes on Jun 28, 2019.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Alumilite IPO opens on Jun 24, 2019 and closes on Jun 28, 2019.

Alumilite IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.

You can apply in Alumilite IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Alumilite IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Alumilite IPO allotment status.

The Alumilite IPO listing date is not yet announced. The tentative date of Alumilite IPO listing is Jul 8, 2019.

Alumilite IPO Message Board

Ranked Members  Ranked Members

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4. Chem cho |Aug 8, 2019 10:06
IPO Guru IPO Guru (2200+ Posts, 2200+ Likes)
ALL TIME HIGH SHOULD BE RS 958
3. GrowYourMoney |Jun 28, 2019 21:55
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Finally sailed through
2. GrowYourMoney |Jun 25, 2019 10:07
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
White organic seem to be technical IPO only
Don't think Investors put money there
1. Small Investor |Jun 21, 2019 10:50
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
Worst LM but last Issue White Orgn.given good return so far